Fixed rates on these schemes start from 5.99%. The current discount offer on SPML’s Right to Buy Scheme D has also been increased by 1.0% to 1.75%, and the term for its Light Adverse scheme discount has been extended to 1 September 2005.
John Prust, SPML’s sales and marketing director, said.” Feedback from packagers shows that borrowers are increasingly looking for good fixed and discount deals as interest rates have bottomed out and are starting to rise again. The extra six months on our fixed rate follows a recent similar extension of our discount terms, so the whole SPML product portfolio is now even more attractive to borrowers.”
